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to avoid this fiscal cliff, congress essentially set up new ones. in just two months, they're going to have to deal with the automatic spending cuts they put off, and there's going to be a nasty fight over the debt ceiling. john and paula, back to you. >> we get to look forward to so much more. >>> victims of hurricane sandy will have to wait longer for help. lawmakers did not vote on a measure to provide aid to people affected by the storm. the senate hassocked more than $60 billion to the region, but house republicans say the price tag is too high and includes too much pork. >>> secretary of state clinton spending her fourth day in the hospital being treated for blood clots. chelsea clinton tweeted, thank you for all sending good thoughts my mom's day. grateful to her doctors and that she'll make a full recovery. still not clear how soon clinton will be able to go home. >>> overseas now, and gunman in northwest pakistan have am busheled a van, killing five pakistani teachers and two health workers. all but one were women. they were working for a p
to avoid this fiscal cliff, congress essentially set up new ones. in just two months, they're going to have to deal with the automatic spending cuts they put off, and there's going to be a nasty fight over the debt ceiling. john and paula, back to you. >> we get to look forward to so much more. >>> victims of hurricane sandy will have to wait longer for help. lawmakers did not vote on a measure to provide aid to people affected by the storm. the senate hassocked more than $60...
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to avoid this fiscal cliff, congress essentially set up new ones. in just two months, they're going to have to deal with automatic spending cuts they put off, and there's going to be a nasty fight over the debt ceiling. john and paula, back to you. >> so basically they just worked out the tax code here. they've got the spending cuts coming up in the next couple of months. but republicans in the house didn't really like it. they voted just about 2-1 against it. but this gives them a little leverage coming up when they start negotiating for the spending cuts. i thought it was interesting, two that did vote for it, the speaker of the house, john boehner, and former vice presidential candidate paul ryan voted for the bill. against it, marco rubio. so that sets up a nice dynamic for 2016. >> no doubt about it. to put it very simple, they kicked the can down the road a little bit. we're going to catch back up with it and deal with it again. >> one other quick note, i think everybody will take a little bit of a hit because the expiration of the payroll tax
to avoid this fiscal cliff, congress essentially set up new ones. in just two months, they're going to have to deal with automatic spending cuts they put off, and there's going to be a nasty fight over the debt ceiling. john and paula, back to you. >> so basically they just worked out the tax code here. they've got the spending cuts coming up in the next couple of months. but republicans in the house didn't really like it. they voted just about 2-1 against it. but this gives them a little...
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from going over the fiscal cliff, congress let something else fall. house speaker john boehner put off a vote on a $60 billion age package for victims of superstorm sandy. >> it's why the american people hate congress. it's why they hate them. >> reporter: some of boehner's fellow republicans, especially those from the state affected by the storm deserves better. >> they deserve better. >> reporter: boehner scrambled to repair the damage. he promised a house vote on a $9 billion package on friday and the remain 5g $1 billion on january 15th. that was enough for some. >> this procedure that's laid out is fully acceptable and fully satisfactory. this will give us the full $60 billion. >> reporter: superstorm sandy nearly knocked the house in breezy point, new york, off its foundation and most who live here are still not back in their homes. >> this is people's lives. this is not a political football. >> reporter: joseph izzizzo's h was damaged by the storm. he calls congress's response disgraceful. >> how can you not act on this when you think about ire
from going over the fiscal cliff, congress let something else fall. house speaker john boehner put off a vote on a $60 billion age package for victims of superstorm sandy. >> it's why the american people hate congress. it's why they hate them. >> reporter: some of boehner's fellow republicans, especially those from the state affected by the storm deserves better. >> they deserve better. >> reporter: boehner scrambled to repair the damage. he promised a house vote on a $9...
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president obama said a deal is in sight to stop america going over the so-called fiscal cliff. congress officials have said the house of representatives will not vote before midnight despite tense negotiations to get an agreement signed before midnight washington time. that will trigger a series of automatic spending cuts and tax hikes and could send the country back into recession. >> of america is staring into the economic unknown. there will be some real damage. there are some people deserving far better and we will be scrambling to find budget reductions in we can understand. >> we are upon the fiscal cliff. will we need to focus on is how we find that common ground. ira by -- i believe republicans and democrats alike want to put us on the course to fiscal discipline. >> we are running at a time. americans are threatened with a tax hike in just few hours. i hope we can keep in mind that our single most important goal is to protect middle-class families. >> democrats and republicans in congress have to get this done but they are not there yet. they are closed but not there y
president obama said a deal is in sight to stop america going over the so-called fiscal cliff. congress officials have said the house of representatives will not vote before midnight despite tense negotiations to get an agreement signed before midnight washington time. that will trigger a series of automatic spending cuts and tax hikes and could send the country back into recession. >> of america is staring into the economic unknown. there will be some real damage. there are some people...
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after weeks of negotiations and last-minute hold-ups over the fiscal cliff, congress late last night finally passed an agreement on taxes and spending. in a moment, we'll tell you what that legislation means for every american. but it's what the house did not do last night that caused an uproar today. lawmakers left before considering a bill to help victims of superstorm sandy, and that had republicans from hard-hit states taking aim at leaders of their own party. nbc's kelly o'donnell is at her post on capitol hill once again tonight. kelly, good evening. >> reporter: good evening, kate. so the house had not taken any kind of vote on a new year's day in nearly 60 years. and when they did so, they got that tax deal done, but only minutes later, a new controversy popped up, over government spending. and it spread through here furiously, and with real impact. new york and new jersey got angry and got action over emergency funding that was being delayed. it was a midnight surprise. >> the ayes have it. accordingly, the house stands adjourned. >> reporter: boos and jeers erupted when hel
after weeks of negotiations and last-minute hold-ups over the fiscal cliff, congress late last night finally passed an agreement on taxes and spending. in a moment, we'll tell you what that legislation means for every american. but it's what the house did not do last night that caused an uproar today. lawmakers left before considering a bill to help victims of superstorm sandy, and that had republicans from hard-hit states taking aim at leaders of their own party. nbc's kelly o'donnell is at...
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. >> lots to talk about, but first, your take on the fiscal cliff. >> isn't congress great? yesterday nbc had a poll, they had a 11% approval rating. the more shocking part is who are the 11% who think they're doing a good job? how low are their standards to think that congress -- this is the most dysfunctional group of people. we have to put them in couples therapy with dr. phil, dr. doolittle. i'm not sure who can help them. >> i'm not sure. >> we suffer as a result of their bipartisanship. >> we talked about the binders full of women, clint eastwood with the chair. general david petraeus. >> that was a big one, although in clint eastwood's defense, he made it okay to talk to your chair on national television. i've had conversations with my couch now as a result. >> you have? what do you say to your couch? >> we're close. i need more friends, apparently. i have to get on facebook and talk to more people. but it became james bond meets "the real housewives." you had the cia director, the top spy, his affair was uncovered. affairs are wrong, but if you're the top spy, keep t
. >> lots to talk about, but first, your take on the fiscal cliff. >> isn't congress great? yesterday nbc had a poll, they had a 11% approval rating. the more shocking part is who are the 11% who think they're doing a good job? how low are their standards to think that congress -- this is the most dysfunctional group of people. we have to put them in couples therapy with dr. phil, dr. doolittle. i'm not sure who can help them. >> i'm not sure. >> we suffer as a result of...
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we are >> congress sent president barack obama adults avoid the fiscal cliff. it passed overwhelmingly in the u.s. senate. it passed the house by a 40 vote margin. it rolls back tax hike on the middle class and raise taxes on the wealthy and delayed those massive spending cuts for another two months. it was an easy road to get here. these initiations dragged on for quite some time. the president spoke a few minutes ago. he thanked joe biden and the house democratic leader that the policy and the republican leader in the u.s. senate, mitch mcconnell, for making this happen. he called this a domestic process. he said nobody is really happy 100% with the deal but it was not enough time for a larger deal. he also said he is taking another hard-line in the upcoming fight over the debt and selling. he warned congressional republicans it would be a tough fight. as gerry sandusky said, the yeas have it, . >> another look of the 7 day forecast. nothing to talk about there. really quite weather the next several days. maybe some sprinkles on flurries. >> the a la carte ga
we are >> congress sent president barack obama adults avoid the fiscal cliff. it passed overwhelmingly in the u.s. senate. it passed the house by a 40 vote margin. it rolls back tax hike on the middle class and raise taxes on the wealthy and delayed those massive spending cuts for another two months. it was an easy road to get here. these initiations dragged on for quite some time. the president spoke a few minutes ago. he thanked joe biden and the house democratic leader that the policy...
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as the president signed their fiscal cliff legislation overnight, the new congress is being sworn in today at noon. and a record 20 female senators are among them. >>> secretary of state hillary clinton is back home in suburban new york this morning after spending four days in the hospital being treated for a blood clot. staffers say clinton is eager to return to the office. >>> students, staff and teachers who survived the sandy hook shooting return to school today. officials planned as normal a day as possible. >>> and looking at today's weather. windy in the los angeles area. snow from new mexico into southwestern texas. showers along the gulf coast. snow around the great lakes. and thunderstorms in the southeast. >>> and finally from us this morning, another look, now, at that capitol hill comeback that we mentioned earlier. illinois junior senator, returning to washington, a year after getting sidelined by a major stroke. >> and senator mark kirk is raring to go. more from paul menke of wls. >> the greatest honor of my life was to serve the state of illinois as their senator. as
as the president signed their fiscal cliff legislation overnight, the new congress is being sworn in today at noon. and a record 20 female senators are among them. >>> secretary of state hillary clinton is back home in suburban new york this morning after spending four days in the hospital being treated for a blood clot. staffers say clinton is eager to return to the office. >>> students, staff and teachers who survived the sandy hook shooting return to school today. officials...
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now to the bill congress did pass late last night to pull the country back from the fiscal cliff. tax rates are going up for high-income earners. jobless benefits will continue for the long-term unemployed. and the payroll tax is going up. but spending cuts have been put off. nancy cordes is on capitol hill. nancy? >> reporter: anthony, after months of procrastination and accusations and closed-door meetings, congress finally passed a fiscal cliff bill last night. it left everyone relieved but no one truly happy. >> the motion is adopted. >> reporter: even republicans who voted for the plan are angry it has no serious spending cuts while democrats think the white house made too many concessions on taxes. kent conrad is a senator from north dakota. >> i hate this agreement. i hate it with every fiber of my being. because this is not the grand bargain that i hoped for or worked for or believed is so necessary to the future of the country. mr. president, this is not by any standard a deficit reduction plan. >> reporter: mostly it's a tax plan. the bill permanently extends the bush-er
now to the bill congress did pass late last night to pull the country back from the fiscal cliff. tax rates are going up for high-income earners. jobless benefits will continue for the long-term unemployed. and the payroll tax is going up. but spending cuts have been put off. nancy cordes is on capitol hill. nancy? >> reporter: anthony, after months of procrastination and accusations and closed-door meetings, congress finally passed a fiscal cliff bill last night. it left everyone...
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praising congress for the fiscal cliff dean is like giving an award for an arsonist putting out his own fire. hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. zbrrchltss ink . >>> the incoming 113th congress will be sworn in tomorrow. they will likely tackle taxes, gun role. but there are other issues that may be on the agenda. we have the sleeper issues for congress. let's dive right in. you say at the top of your list fossil fuel exports. why do you think this might become a big issue? >> i think fossil fuel exports has been a huge issue in the energy world for the last couple of years and finally it's rising to the level of where it's going to gain the attention of congress. the energy department released a study last month giving an implicit nod to natural gas exports. i think that could compel congress to really look at this issue. this law governing natural gas exports hasn't been updated since 1938. whether or not congress has the political will to change it remains to be seen but it's certainly
praising congress for the fiscal cliff dean is like giving an award for an arsonist putting out his own fire. hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. zbrrchltss ink . >>> the incoming 113th congress will be sworn in tomorrow. they will likely tackle taxes, gun role. but there are other issues that may be on the agenda. we have the sleeper issues for congress. let's dive right in. you say at...
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this year it's the fiscal cliff. and it just seems like they can't get their act together year after year. it's frustrating to sit here and, you know, watch it happen over and over again. especially we're all students so it affects us a lot. it's really frustrating. >> julie, do you see yourself maybe changing your mind about who you necessary pily vote for the next election based on how members of congress handled the situation? >> actually no. i feel a lot of this has come from the partisanship which is creating the gridlock. i think the far right of the republican party's holding congress hostage to a point. mitch mcconnell says he wants to strike a deal. think about it, history states they've been the party of no. he said from the beginning if obama wants it, why are we going to do it? at the end of the day congress can sit around but these directly affect us. as students, think about the division tax breaks, things will go away and affect my family. within i look at congress, i see it's shifted to one side. i do
this year it's the fiscal cliff. and it just seems like they can't get their act together year after year. it's frustrating to sit here and, you know, watch it happen over and over again. especially we're all students so it affects us a lot. it's really frustrating. >> julie, do you see yourself maybe changing your mind about who you necessary pily vote for the next election based on how members of congress handled the situation? >> actually no. i feel a lot of this has come from...
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struck that deal on the fiscal cliff. markets are set to rally on this news. let's bring in alison kosik over on the floor of the new york stock exchange. alison what is the mood of traders? >> victor you can call it the fiscal cliff rally, call it whatever you want but it's going to be something that's big. when the market opens in less than a half an hour from now, we're expecting to see triple-digit gains on the dow, we're seeing markets overseas weighed in, asian markets up big, major averages in europe up over 2%. the bigger question, will this rally last? wall street is concerned the next chapter could be one. one bank of america analyst says the twin peaks are left for the new year meaning congress still has to deal with the issue of spending cuts which they pushed off for another two months and they've also got to deal with the debt ceiling and some analysts are predicting another credit rating downgrade if the debt ceiling negotiations get chaotic again. another analyst says this, with the debt ceiling negotiatio
struck that deal on the fiscal cliff. markets are set to rally on this news. let's bring in alison kosik over on the floor of the new york stock exchange. alison what is the mood of traders? >> victor you can call it the fiscal cliff rally, call it whatever you want but it's going to be something that's big. when the market opens in less than a half an hour from now, we're expecting to see triple-digit gains on the dow, we're seeing markets overseas weighed in, asian markets up big, major...
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just two days after congress finally approved a deal to avoid the fiscal cliff, we're getting a new group of lawmakers. the members of the 113th congress will be sworn in later today. >> 13 senators and 82 house members will be new. they will struggle with most of the same issues as the old congress from spending to gun control to immigration reform. and they face a nagging question. how much can they get done? nancy cordes is on capitol hill. nancy, good morning. >> reporter: good morning to you, anthony and norah. well, i'll tell you. most lawmakers are only too happy to shut the door on the last two years. the 112th congress passed just 151 bills. that's fewer than any congress in the past 65 years. fewer than even the "do nothing" congress of 1948 that president harry truman ran against. >> we've turned ourselves into a laughingstock of the world. >> reporter: the 112th congress was filled with plenty of in-fighting but not much legislation. >> but i need a dance partner. >> reporter: the gridlock left congress with an approval rating that dipped to 10% twice last year. that's lower t
just two days after congress finally approved a deal to avoid the fiscal cliff, we're getting a new group of lawmakers. the members of the 113th congress will be sworn in later today. >> 13 senators and 82 house members will be new. they will struggle with most of the same issues as the old congress from spending to gun control to immigration reform. and they face a nagging question. how much can they get done? nancy cordes is on capitol hill. nancy, good morning. >> reporter: good...
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cliff deadline had gone by. >> i think we can say we've done some good for the country. >> reporter: since lawmakers missed the midnight deadline nearly every american wakes up with higher taxes but congress can undo those tax hikes if the house passes the senate's bill. vice president biden, who was instrumental in brokering the deal, told reporters he's hopeful it can get through the house but you never know. >> you shouldn't predict how the senate will vote before they vote and number two, you surely shouldn't predict how the house is going to vote. >> reporter: it would extend tax cuts for all workers earning under $400,000 and raise taxes on people above that level and prevent a big tax hike in an estate valued at less than $5 million and extend unemployment benefits for 2 million people. the house will take it up later this morning, the hope is that chamber can pass it before the economy is rocked by the tax hikes. >> happy new year. i feel very, very good. >> reporter: president obama called the senate vote the right thing to do for the country and he encouraged the house to p
cliff deadline had gone by. >> i think we can say we've done some good for the country. >> reporter: since lawmakers missed the midnight deadline nearly every american wakes up with higher taxes but congress can undo those tax hikes if the house passes the senate's bill. vice president biden, who was instrumental in brokering the deal, told reporters he's hopeful it can get through the house but you never know. >> you shouldn't predict how the senate will vote before they vote...
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the end-of-year showdown over the fiscal cliff kept congressional leaders completely occupied. so they never got around to approving federal aid for victims of superstorm sandy. and late tuesday night, new jersey governor chris christie got the call that congress won't vote on a 60-billion dollar rescue package for another two weeks. this is why the american people hate congress. 66 days and counting. shame on you. we cannot believe that this cruel knife in the back was delivered to our region. we've had no help from anybody. the pilot garbage has been there since the first week. the house is expected to vote tomorrow to approve money to cover flood damage. nearly one month after the deadly shooting that claimed the lives of 20 first graders and six teachers. students of sandy hook elementary are back in school today.. the students have been relocated to a different building, in another town. under extremely tight security. rugs and furniture from their old school have been moved to the new location to help students ease into the transition. the daughter of former sandy hook pr
the end-of-year showdown over the fiscal cliff kept congressional leaders completely occupied. so they never got around to approving federal aid for victims of superstorm sandy. and late tuesday night, new jersey governor chris christie got the call that congress won't vote on a 60-billion dollar rescue package for another two weeks. this is why the american people hate congress. 66 days and counting. shame on you. we cannot believe that this cruel knife in the back was delivered to our region....
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while congress may have averted the fiscal cliff for now it still won't keep taxes going up for the majority of americans. analysts say 77% of us are about to it see our paychecks shrink. william la jeunesse payroll taxes are going up. some will see the difference tomorrow paycheck f.i.c.a. deductions which represent your payments into social security and medicare. the new increase effects the withholding rate on payroll taxes which increases to 12.4%. your employer pays half and you pay half. for a single earning $38,000 a year, you will pay 548. that's up $570 a year or $11 a week. if you earn 90,000 you will pay 20,000 over the year or 2400 more than last year. while f.i.c.a. taxes may anger you, all but the wealthiest people get their money back and more. the average worker pays about $345,000 a year -- excuse me over their life anymore f.i.c.a. taxes they will will get 417,000 back in benefits in retirement. >> a pretty large majority of people will see that drop in their net pay in their first paycheck and the others pay be in their second or third during the month of january. >> now 9
while congress may have averted the fiscal cliff for now it still won't keep taxes going up for the majority of americans. analysts say 77% of us are about to it see our paychecks shrink. william la jeunesse payroll taxes are going up. some will see the difference tomorrow paycheck f.i.c.a. deductions which represent your payments into social security and medicare. the new increase effects the withholding rate on payroll taxes which increases to 12.4%. your employer pays half and you pay half....
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>>> tonight, congress told america it saved america from the fiscal cliff. but that doesn't add up. why the usa is at the bottom of the canyon tonight. >>> plus chris christie goes ballistic on the hated congress and john boehner. we'll show the outburst to you. >>> and two new yorkers have been arrested with the means and the no how for a terrorist attack. let's go "outfront." good evening, everyone. "outfront" tonight, america, or homer simpson. like homer, we blythely skated to the precipice of the fiscal cliff with a deal that made almost everyone happy. low tax rate, extended benefits. sure sounds heavenly. but look what happens next. >> i'm going to make it. this is the greatest thrill of my life. i'm king of the world! woo-hoo! >> yeah, that's how it ends. that feeling of weightless euphoria the thrill of our lives believing there was no way he would ever crash there would be a last minute save. that was america today. the dow surged 308 points on news of the fiscal cliff deal. congress patted itself on the back. why wouldn't they? that was a big reward. the problem is, the t
>>> tonight, congress told america it saved america from the fiscal cliff. but that doesn't add up. why the usa is at the bottom of the canyon tonight. >>> plus chris christie goes ballistic on the hated congress and john boehner. we'll show the outburst to you. >>> and two new yorkers have been arrested with the means and the no how for a terrorist attack. let's go "outfront." good evening, everyone. "outfront" tonight, america, or homer simpson....
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the dow surged 308 points on news of the fiscal cliff deal. congress patted itself on the back. why wouldn't they? that was a big reward. the problem is, the truth. congress sent america to the bottom of the chasm because like homer we're lying battered and bruised at the bottom. why? instead of cutting spending and raising revenue, which was the point, congress did the exact opposite. boosting spending and slashing revenue. they increased the deficit. that is the ultimate cliff dive. the congressional budget office put these numbers out. they say the deal everybody celebrated will increase deficits by $4 trillion over the next decade because by extending the bush tax cuts for families who earn less than $450,000 a year the deal cut revenue, money they would have otherwise paid in taxes by $3.64 trillion and on top of that it increased other spending by an additional $332 billion. that deal was really just a small band-aid on america's battered body. all it did was kick the can for two months on the automatic spending cuts that were set to go into effect today. truth is, congres
the dow surged 308 points on news of the fiscal cliff deal. congress patted itself on the back. why wouldn't they? that was a big reward. the problem is, the truth. congress sent america to the bottom of the chasm because like homer we're lying battered and bruised at the bottom. why? instead of cutting spending and raising revenue, which was the point, congress did the exact opposite. boosting spending and slashing revenue. they increased the deficit. that is the ultimate cliff dive. the...
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the country will officially go over the so-called fiscal cliff tonight. congress will miss a midnight deadline. it was deadline politician in the nation's capitol set up to be so unappealing. so unacceptable that both sides would have to budge. both sides would have to come to a better, more balanced deficit and debt deal. it's hard to believe but that was almost two years ago. and now, with the clock winding down to the end of to 12, and the end of the fiscal cliff deadline, not a single piece of legislation has passed congress on this. at this hour, vice president biden is set to meet with senate democrats. you are looking live just outside of capitol hill there. we are waiting for his arrival. he will be meeting with senate democrats in hopes of ironing out a mini deal. is he actually trying to sell it to several key democratic senators who are skeptical to say the least. a big union leaders is weighing in as well. is he not happy with what he has heard of the deal so far. we're positioned just outside again for the vice president's arrival. then, insi
the country will officially go over the so-called fiscal cliff tonight. congress will miss a midnight deadline. it was deadline politician in the nation's capitol set up to be so unappealing. so unacceptable that both sides would have to budge. both sides would have to come to a better, more balanced deficit and debt deal. it's hard to believe but that was almost two years ago. and now, with the clock winding down to the end of to 12, and the end of the fiscal cliff deadline, not a single piece...
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fiscal cliff. we can't have this. thank you. host: thanks for the call. fantasia washington post, 113th congress displays its diversity. democratic leader of the house nancy pelosi as she join other democratic female lawmakers over at the capitol. there are 20 new members of the senate who are also women and the former house speaker democratic leader had this to say about the issue of bipartisanship as she congratulated speaker john boehner for his own reelection. >> speaker boehner, i know all too well that we will not always agree. but i hope with all my heart that we will find common ground that is a higher better place for our country. surely, we can be touched by the better angels of our nature. surely we can be touched by the better angels of our nature. so beautifully expressed by president lincoln. host: representative nancy pelosi and this from the "washington journal" boehner's second chance. let me share with you a portion what the journal is writing this morning on its editorial page. j
fiscal cliff. we can't have this. thank you. host: thanks for the call. fantasia washington post, 113th congress displays its diversity. democratic leader of the house nancy pelosi as she join other democratic female lawmakers over at the capitol. there are 20 new members of the senate who are also women and the former house speaker democratic leader had this to say about the issue of bipartisanship as she congratulated speaker john boehner for his own reelection. >> speaker boehner, i...
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. >>> the fiscal cliff suspension is over and now the lines are drawn for the battle or -- over the debt ceiling. >> add -- as i sad earlier this week one thing i will not compromise over is whether congress should pay the bill for a tab they have already racked up. if congress refuses to give the government the about -- ability to pay its bills on time, the consequences could be catastrophic. >> speaking for the republicans today michigan congressman davecamp faulted the president and congressional democrats for not working hard enough to incorporate meaningful spending cuts in the fiscal cliff deal. >> and the food and drug administration is proposing two sweeping rules to prevent food becoming con taminitied -- contaminated. the first rule would require companies that process food to take measures to prevent the risk of contamination. the second would require companies that harvest fruits and vegetables to prevent e. coli contamination. >>> well, time to get rid of that christmas tree. next, the city of coig has made that easy for some chicago residents. >> and it's that time of year
. >>> the fiscal cliff suspension is over and now the lines are drawn for the battle or -- over the debt ceiling. >> add -- as i sad earlier this week one thing i will not compromise over is whether congress should pay the bill for a tab they have already racked up. if congress refuses to give the government the about -- ability to pay its bills on time, the consequences could be catastrophic. >> speaking for the republicans today michigan congressman davecamp faulted the...
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. >> reporter: riding high after closing the fiscal cliff deal with congress, seemed to enjoy every minute today administering the oaths of office. and the high stakes, high profile work begins for the house tomorrow where they'll be voting on emergency relief for sandy victims, billions of dollars worth. and then over the next few weeks, both sides of congress will begin to work on things like raising the country's borrowing limit, the debt ceiling, and dealing with spending cuts that could include negotiations over programs like medicare. lester? >> all right, kelly, thanks. >>> one new member of congress, the junior senator from the state of maine, is already making a name for himself. tom brokaw is here tonight with more on a man who says he wants to do the people's business in a better way than we've seen lately. hi, tom. >> lester, we don't often think of maine and royalty in the same sentence. but tonight i am reporting on the king of maine. that would be angus king, near republican or democrat, officially independent. a former two-term governor, he promised a new approach. and it p
. >> reporter: riding high after closing the fiscal cliff deal with congress, seemed to enjoy every minute today administering the oaths of office. and the high stakes, high profile work begins for the house tomorrow where they'll be voting on emergency relief for sandy victims, billions of dollars worth. and then over the next few weeks, both sides of congress will begin to work on things like raising the country's borrowing limit, the debt ceiling, and dealing with spending cuts that...
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Jan 3, 2013
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two days after the approval of getting over the fiscal cliff, the members of the 113th congress will be sworn in today. >> 13 senatorst and 82 house members will be new, they'll struggle with most of the same issues as the old congress from spending to gun control to immigration reform, and they face a nagging question how much can they get done? nancy cordes is on capitol hill. >> reporter: good morning, that new congress is set to be sworn in, in about an hour and i'll tell you, most lawmakers are only too happy to be shutting the door on the past two years. the 112th congress passed just 151 bills. that's less legislation than in the past 65 years, in fact less than the do nothing congress that harry truman ran against in 1948. >> we've turned ourselves into a laughing stock of the world. >> reporter: the 112th congress was filled with plenty of infighting. >> speaker bainer is unwilling to negotiate. >> reporter: but not much legislating. >> i need a dance partner. >> reporter: an approval rating dipped to 10% twice last year lower than past approval rating for the irs, lawyers a
two days after the approval of getting over the fiscal cliff, the members of the 113th congress will be sworn in today. >> 13 senatorst and 82 house members will be new, they'll struggle with most of the same issues as the old congress from spending to gun control to immigration reform, and they face a nagging question how much can they get done? nancy cordes is on capitol hill. >> reporter: good morning, that new congress is set to be sworn in, in about an hour and i'll tell you,...
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he's been the chief negotiator with congress on the fiscal cliff. that was a good thing for biden after his foot in the mouth style. last night all was for given. >> i want to thank you for the work that was done by the extraordinary work done buy my vice president joe biden. >> a message for at a boy who cleared the way for three action-packed days. the white house sent the vice president to the capitol twice to convince skeptical democrats that the fiscal cliff deal was a good one. he presented himself as the man who could deliver. mitch mcconnell, the senate's top republican ditched harry reid, his counterpart across the aisle, and asked to negotiate exclusively with biden. the two men talked around the clock on the phone after midnight on monday and at 6:00 later that morning. >> i appreciate the vice president's willingness to get this done for the country. >> reporter: it was the second time in two weeks that the president put his number two in charge. >> the president asked me to convene this meeting with you. >> reporter: last month the vice
he's been the chief negotiator with congress on the fiscal cliff. that was a good thing for biden after his foot in the mouth style. last night all was for given. >> i want to thank you for the work that was done by the extraordinary work done buy my vice president joe biden. >> a message for at a boy who cleared the way for three action-packed days. the white house sent the vice president to the capitol twice to convince skeptical democrats that the fiscal cliff deal was a good...
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congress ended the long drama over the fiscal cliff with house republicans reluctantly passing the senate's bill. >> i will sign the law that lays the taxes on the final 2% of the americans and preventing a middle class tax hike that could have sent the country into recession. >> reporter: house republicans didn't want to raise taxes without cuts in government spending. >> there's no spending cuts. we are adding 4 billion dollars to the debt and we feel like that the senate bill failed miserablely. >> reporter: house republicans decided not to drag out the fight any longer and risk potentially taking the blame for massive tax hikes on every american worker. >> what's the alternative? allow 4 trillion dollars worth of tax hikes to hit the american people market uncertain? >> reporter: the bill shields people earning less than 400,000 a year from tax increases and extends unemployment benefits for 2 million people. what it doesn't do however is raise the so-called debt ceiling and two months the government will reach the limit on borrowing unless congress acts. not to mention the bill delays
congress ended the long drama over the fiscal cliff with house republicans reluctantly passing the senate's bill. >> i will sign the law that lays the taxes on the final 2% of the americans and preventing a middle class tax hike that could have sent the country into recession. >> reporter: house republicans didn't want to raise taxes without cuts in government spending. >> there's no spending cuts. we are adding 4 billion dollars to the debt and we feel like that the senate...
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the new congress will have to deal with the spending cuts that were tabled when the fiscal cliff bill was voted on earlier this week. and congress will also have to authorize a bump in the debt ceiling or else the country will default on its loans for the first time in u.s. history. virginia's newest u.s. senator tim kaine along with maryland congress-elect john delaney are among those to be sworn in today. >>> president obama has signed into law the bill to avert the fiscal cliff. the house of representatives passed the bill late tuesday night after the senate approved it. the president is in hawaii vacationing with his family, but a senior administration official says a copy of the bill was sent to the president for him to review and he signed it using the auto pen. the auto pen is more commonly used to sign christmas cards but the 2011 extension of the patriot act marked the first time the obama administration ever used the unique device for signing a law. >>> it is 6:06. the lovely jessica doyle is here with another your money report. she says get ready to see your taxes go up. >>
the new congress will have to deal with the spending cuts that were tabled when the fiscal cliff bill was voted on earlier this week. and congress will also have to authorize a bump in the debt ceiling or else the country will default on its loans for the first time in u.s. history. virginia's newest u.s. senator tim kaine along with maryland congress-elect john delaney are among those to be sworn in today. >>> president obama has signed into law the bill to avert the fiscal cliff. the...
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the fiscal cliff. sherrie johnson is live this morning with what it can mean for you. there's a lot of stuff to work through with this. >> reporter: oh, you are absolutely right especially with the debt ceiling. we have more work but after months of drama and tense negotiations, congress passed legislation to avoid the fiscal cliff. lawmakers did not meet the deadline and they didn't get the grand bargain that both parties clap was the goal there. was concern among -- a lack of spending cuts. the deal would shield income tax cuts for all workers earning less than 400,000 dollars a year and households earning less than 450,000 dollars. it prevents a tax hike on a state's -- estates valued at less than 5 34eu8ion and extends unemployment benefits for about 2 million people that were set to expire. now what it does not do is raise the debt ceiling. in two months the government will reach the limit on borrowing unless congress acts. the bill delays large cuts to the pentagon and other government programs.
the fiscal cliff. sherrie johnson is live this morning with what it can mean for you. there's a lot of stuff to work through with this. >> reporter: oh, you are absolutely right especially with the debt ceiling. we have more work but after months of drama and tense negotiations, congress passed legislation to avoid the fiscal cliff. lawmakers did not meet the deadline and they didn't get the grand bargain that both parties clap was the goal there. was concern among -- a lack of spending...
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>> at least part of the fiscal cliff has been averted i do think we've got to handle the rest of that in the coming months but immigration reform really should be a top priority. i was pleased to see the president make it a priority. i would be surprised if the congress doesn't act on immigration reform in this year 2013, and i also have to say that it's about time. >> can i ask, can you do immigration reform and also gun control this year? >> i think so. there's no question that both of those and certainly gun control are heavy lifts, but you know, the president is in his second term, he's not seeking re-election again and quite frankly there's a lot of public momentum on the issues so i think we can. >> congressman-elect soon to be congressman, best of luck to you. don't be too nervous. >> thank you, i'll need the luck so thank you. >> good luck. >> big day for him. >> big day. >> very exciting. >>> the aurora, colorado, theater that was the site of a mass shooting now inviting victims back to the movies, but those victims say the invitation is insulting and heartless. we'll have th
>> at least part of the fiscal cliff has been averted i do think we've got to handle the rest of that in the coming months but immigration reform really should be a top priority. i was pleased to see the president make it a priority. i would be surprised if the congress doesn't act on immigration reform in this year 2013, and i also have to say that it's about time. >> can i ask, can you do immigration reform and also gun control this year? >> i think so. there's no question...
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lawmakers say negotiations over the fiscal cliff took too long and didn't leave time to debate sandy relief. good afternoon. the lieutenant governor of the event she says as a former professor she is so happy to see what she calls the movement of history in this area. she is urging residents statewide to support illinois and become the 10th state to legalize gay marriage. as well as jesse tyler ferguson from the hit show modern family. they can to say that we are more alike than we are different. we should not wait for the quality and illinois. it could be a for a full vote tomorrow. a new set of lawmakers will be sworn in january 9th. and issued a letter urging catholics to call state lawmakers and urged them to vote against this. and as a violation of natural law the lieutenant governor disagrees. >> there are a lot of ways that we put together families that cannot involve reproduction. we allow them to marry. we encourage them to marry when they're in a loving relationship. as i mentioned earlier, adoption law is a legal fiction. >> i want the world to be better for them. i want t
lawmakers say negotiations over the fiscal cliff took too long and didn't leave time to debate sandy relief. good afternoon. the lieutenant governor of the event she says as a former professor she is so happy to see what she calls the movement of history in this area. she is urging residents statewide to support illinois and become the 10th state to legalize gay marriage. as well as jesse tyler ferguson from the hit show modern family. they can to say that we are more alike than we are...
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the fiscal cliff, if it's communicated properly, the ramifications of not extending the debt ceiling, i'm sorry, in a couple months are so disastrous for the economy, we would be back, essentially, in 2009, where we were losing 700,000 jobs a month. because, essentially, once we reach that deadline, if we don't extend the debt ceiling, 28% of all federal spending, roughly, goes away. disappears. that's 6% or 7% of the entire economy. so the people would have to understand that. and i think many republicans do. so i'm not sure that's much leverage there. >> congressman, picking up on that point, briefly, you actually had some nice things to say about mitch mcconnell during this fiscal cliff debate. you had some nice things to say about john boehner, that he took a risk by bringing it up. i think a lot of americans today are wondering what i'm wondering and what you may be wondering and i want your take on it. can this house and this congress be bipartisan on a big issue? as you point out, the stakes in the debt ceiling debate in two months, are going to be significantly higher for us a
the fiscal cliff, if it's communicated properly, the ramifications of not extending the debt ceiling, i'm sorry, in a couple months are so disastrous for the economy, we would be back, essentially, in 2009, where we were losing 700,000 jobs a month. because, essentially, once we reach that deadline, if we don't extend the debt ceiling, 28% of all federal spending, roughly, goes away. disappears. that's 6% or 7% of the entire economy. so the people would have to understand that. and i think many...
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and culminated with the fiscal cliff face-off here at the end. congress made two big promises. at least the house republicans did. repealing health care and shrinking spending. you could argue, they're 0 for 2. but they deserve points on the spending front. every spending bill is a real fight. and that is progress as far as conservatives are concerned. still, the first act ended late wednesday when the president directed from hawaii that the fiscal cliff bill be signed by autopen and declared victory in a campaign style video. >> just recently, republicans in congress said they never agreed to raise tax rates on the wealthiest americans. we have now raised those rates permanently. >> and that's what is still remarkable about what the president pulled off. he got republicans to help him raise taxes, something bill clinton couldn't get done. the second act begins today, though. senate republican leader mitch mcconnell kicks it off saying, quote, the president may not want to have a fight about government spending over the next few months, but it's a fight he is going to have. the
and culminated with the fiscal cliff face-off here at the end. congress made two big promises. at least the house republicans did. repealing health care and shrinking spending. you could argue, they're 0 for 2. but they deserve points on the spending front. every spending bill is a real fight. and that is progress as far as conservatives are concerned. still, the first act ended late wednesday when the president directed from hawaii that the fiscal cliff bill be signed by autopen and declared...
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he deals with the first fiscal cliff and a fight if congress is even still congress. some are saying are we still congress? today is march 1st -- march 4th. the government will shut down. the majority did not agree with the interpretation the bill goes to president polk he signed as his last duty in office. sworn in on monday there was a great inaugural ball and lincoln is the great party planner as a little-known fact. he raised money for the washington monument and he had money to help get it started but was there for the cornerstone july 4th july 4th, 1848. on the planning committee for a sack retailer at the metro stop washington d.c. one of the biggest parties in washington and lincoln goes home at 3:00 in the morning he can find his cloak but not his hat. said he has to walk along the in the cold when french never forgot the story we've never forget the sight of that man walking out in judiciary square just in all these 12 years later the festivities would be for him. nobody saw the path he would take. the book concludes with him trying to get a job in the illus
he deals with the first fiscal cliff and a fight if congress is even still congress. some are saying are we still congress? today is march 1st -- march 4th. the government will shut down. the majority did not agree with the interpretation the bill goes to president polk he signed as his last duty in office. sworn in on monday there was a great inaugural ball and lincoln is the great party planner as a little-known fact. he raised money for the washington monument and he had money to help get it...
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congress in 2013, no more fiscal cliffs, but we do have them we have to call them fiscal cliff huxstable. and finally congress again. i have made more resolutions for you than you made for the
congress in 2013, no more fiscal cliffs, but we do have them we have to call them fiscal cliff huxstable. and finally congress again. i have made more resolutions for you than you made for the
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far worse than the impact of a fiscal cliff. people will remember back in 2011, the last time this course of action was threatened, our entire recovery was put at risk. consumer confidence plunged, business investment plunged, growth dropped. we can't go down that path again. >> the president draws a line on one of the upcoming fights. joining us now is mike allen to review a little bit about what happened yesterday. mike, we were not sure there would be a vote at some point. obviously the house felt a bit jammed by the senate. did mitch mcconnell jam john boehner and force boehner's hand? >> he didn't force boehner's hand, but he did step up in a way that boehner didn't. people will tell you on capitol hill boehner's nerve never looked weaker, here's why. for most of the day yesterday we were not sure there would be a vote, and if there was a vote it could include new spending measures. this bill is all tax increases and very little spending cuts. when the republicans got together yesterday afternoon, there was a rebellion amon
far worse than the impact of a fiscal cliff. people will remember back in 2011, the last time this course of action was threatened, our entire recovery was put at risk. consumer confidence plunged, business investment plunged, growth dropped. we can't go down that path again. >> the president draws a line on one of the upcoming fights. joining us now is mike allen to review a little bit about what happened yesterday. mike, we were not sure there would be a vote at some point. obviously...
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Jan 1, 2013
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cliff and we wait for congress to make a move. the latest on the ongoing debate in washington. same-sex is legal in maryland. we will take a look at special new year's moments. >> bling prevention has become a focus in this country. -- bullying prevention has become a focus in this country. >> no parent wants their child to become a bit them or being a bullet -- becoming a victim or a belief. we have more. >> they are united in singing the pledge of allegiance every morning, but every parent and teacher knows that unity can break down as the day progresses. kids, like adults, will have disagreements. but the key is making sure those disagreements do not turn into bullying. >> really it is about respecting each other. >> the school teaches the three b's. >> our kids are with each other. >> they will have positive values instilled and it is less likely they will exhibit bullying behavior. >> my job as a teacher is to talk about respect. you have to respect everyone. just really instill in them the confidence in themselves. >> other
cliff and we wait for congress to make a move. the latest on the ongoing debate in washington. same-sex is legal in maryland. we will take a look at special new year's moments. >> bling prevention has become a focus in this country. -- bullying prevention has become a focus in this country. >> no parent wants their child to become a bit them or being a bullet -- becoming a victim or a belief. we have more. >> they are united in singing the pledge of allegiance every morning,...
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fiscal cliff, substantially for a broad segment of the we don't cliff that growth will be half of what it should be and the second is the loss in economic growth. the fiscal tightening is more than just the sequester but the sequester is a major part of it and it is harmful to our economy, families and our national security. it seems obvious to me that the answer is to replace the sequester with a phased-in approach that includes equal amount or more and smart sustainable cuts and additional revenue. my question tore you this morning, given that c.b.o. notes that it expects a substantial slowdown in economic growth this year because of fiscal tightening wouldn't it be preferable to replace the sequester with a package of savings that is targeted rather than across the board so it occurs when the economy is on a stronger footing? >> if the sequester were replaced with a comparable amount of deficit reduction that were phased in, that would be better for the economy in the near term. the matter of how the -- what the composition of that fiscal tightening is ask affect the economy as we h
fiscal cliff, substantially for a broad segment of the we don't cliff that growth will be half of what it should be and the second is the loss in economic growth. the fiscal tightening is more than just the sequester but the sequester is a major part of it and it is harmful to our economy, families and our national security. it seems obvious to me that the answer is to replace the sequester with a phased-in approach that includes equal amount or more and smart sustainable cuts and additional...
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congress ended the long drama over the fiscal cliff with house republicans reluctantly passing the bill. >> i will sign a bill that will raise taxes on wealthiest americans while preventing a middle-class tax hike. >> for a time it appeared the bill was headed for defeat. house republicans did not want to raise taxes without significant will cuts in governmental spending diploma there is no spending cuts. we're adding $4 billion a day to the debt. we feel the senate bill failed. >> but house republicans decided not to drag out fight any longer and risk potentially take the blame for massive tax hikes on nearly every american worker. >> what is the alternative? market uncertainty. >> it shields people earning less than $450,000 a year from tax increases and extends unemployment insurance. but it doesn't raise the debt ceiling. in two months the government will reach the limit on borrowing unless congress acts, not to mention it delays large cuts to the pentagon and other programs. >> so in march we may see another round of fighting. president obama says he hopes congress can strike a dea
congress ended the long drama over the fiscal cliff with house republicans reluctantly passing the bill. >> i will sign a bill that will raise taxes on wealthiest americans while preventing a middle-class tax hike. >> for a time it appeared the bill was headed for defeat. house republicans did not want to raise taxes without significant will cuts in governmental spending diploma there is no spending cuts. we're adding $4 billion a day to the debt. we feel the senate bill failed....
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because of the fiscal cliff stand off with congress. michelle obama and their two daughters have been in hawaii since december 21. they are staying near honolulu where they are enjoying golf and work outs. >>> and just when you thought we were done with the fiscal cliff it is not over. coming up, the next decision lawmakers will have to tackle. >>> a couple exciting days for this congressman. he got the keys to his new office ahead of his swearing in ceremony tomorrow. he represents the 15th congressional district. he was the district attorney. >> i have known that area since i was a boy. the people want someone who will roll up their sleeves, work hard and bring new ideas. >> more than 150 supporters made the trip to attend his swearing in. >>> he is also among the freshman class being sworn in. he replaces lin wolfy. he is a environmental attorney who served six years in the california state assembly. >>> the surviving children from the sandy hook elementary school massacre got a look at their new classrooms. >> the students complete
because of the fiscal cliff stand off with congress. michelle obama and their two daughters have been in hawaii since december 21. they are staying near honolulu where they are enjoying golf and work outs. >>> and just when you thought we were done with the fiscal cliff it is not over. coming up, the next decision lawmakers will have to tackle. >>> a couple exciting days for this congressman. he got the keys to his new office ahead of his swearing in ceremony tomorrow. he...
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then they'll have to tackle the leftovers from the fiscal cliff debate. the new congress will have to deal with the spending cuts that were tabled when the bill was voted on this week. congress will also have to authorize a bump in the debt ceiling or else the country will default on its loans for the first time in u.s. history. >>> secretary of state hillary clinton has been released from the hospital. mrs. clinton spent a couple of days in a new york hospital after doctors discovered a blood clot in her head. doctors have been treating the clot with blood thinners. they say the secretary is responding well to treatment. president clinton and their daughter chelsea were on hand to take the secretary home. no word on when she plans to return to the state department. >>> the city which was once known as the murder capital of america has recorded its new lowest murder rate in 51 years. last year washington, d.c. police investigated 88 murders which is the lowest total since 1961. during the crack cocaine street drug wars ever the 1980s and 1990's, d.c. reco
then they'll have to tackle the leftovers from the fiscal cliff debate. the new congress will have to deal with the spending cuts that were tabled when the bill was voted on this week. congress will also have to authorize a bump in the debt ceiling or else the country will default on its loans for the first time in u.s. history. >>> secretary of state hillary clinton has been released from the hospital. mrs. clinton spent a couple of days in a new york hospital after doctors discovered...
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cliff on march 1st. congress has adjourned. and late last night, after midnight, the president left for hawaii to meet with his family. and hopefully, he thinks for a few days' vacation. >> you mentioned the breathing per feelings got raw at the last minute. >> reporter: it got really nasty. politico first reported on friday when the congressional leaders met here at the white house, speaker of the house john boehner told the democratic leader, harry reid, off, use uhhing language i can't use here on "good morning america." >> you can't even paraphrase. >>> let's look at what the deal means to you at home. lots of paycheck changes right now. and bianna golodryga is at the smart screen to break it down. about 99% of americans protected from an increase. but most workers will take a hit. >> payroll taxes going up. this affects everyone making $110,000 or less. so, this year, anyone making $110,000 will pay an extra $2,200 in taxes. people making $50,000 will pay an extra $1,000. and someone making $20,000
cliff on march 1st. congress has adjourned. and late last night, after midnight, the president left for hawaii to meet with his family. and hopefully, he thinks for a few days' vacation. >> you mentioned the breathing per feelings got raw at the last minute. >> reporter: it got really nasty. politico first reported on friday when the congressional leaders met here at the white house, speaker of the house john boehner told the democratic leader, harry reid, off, use uhhing language i...